Chipotle Mexican Grill (NYSE:CMG) PT Lowered to $53.00 at Loop Capital

Chipotle Mexican Grill (NYSE:CMG) had its price objective decreased by Loop Capital from $58.00 to $53.00 in a report issued on Thursday morning, Benzinga reports. Loop Capital currently has a hold rating on the restaurant operator’s stock.

A number of other research analysts have also issued reports on CMG. KeyCorp decreased their target price on Chipotle Mexican Grill from $3,400.00 to $68.00 and set an overweight rating for the company in a report on Tuesday, July 9th. The Goldman Sachs Group decreased their target price on Chipotle Mexican Grill from $74.60 to $67.00 and set a buy rating for the company in a report on Thursday. Citigroup lifted their target price on Chipotle Mexican Grill from $67.38 to $71.00 and gave the company a buy rating in a report on Friday, July 12th. Raymond James decreased their target price on Chipotle Mexican Grill from $70.00 to $62.50 and set an outperform rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Chipotle Mexican Grill from $72.00 to $67.00 and set a buy rating for the company in a report on Thursday. Eleven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $62.88.

Chipotle Mexican Grill Stock Down 1.9 %

CMG opened at $49.83 on Thursday. Chipotle Mexican Grill has a 52 week low of $35.37 and a 52 week high of $69.26. The business has a fifty day simple moving average of $125.36 and a 200-day simple moving average of $80.01. The firm has a market cap of $68.43 billion, a P/E ratio of 53.17, a P/E/G ratio of 2.00 and a beta of 1.24.

Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Wednesday, July 24th. The restaurant operator reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.94 billion. Chipotle Mexican Grill had a return on equity of 44.01% and a net margin of 13.23%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the business posted $12.65 earnings per share. Sell-side analysts expect that Chipotle Mexican Grill will post 1.09 earnings per share for the current year.

Hedge Funds Weigh In On Chipotle Mexican Grill

Several institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC increased its position in Chipotle Mexican Grill by 5,674.7% in the 2nd quarter. HB Wealth Management LLC now owns 30,779 shares of the restaurant operator’s stock valued at $1,928,000 after acquiring an additional 30,246 shares during the period. Tower View Wealth Management LLC boosted its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Tower View Wealth Management LLC now owns 500 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 490 shares in the last quarter. 1834 Investment Advisors Co. boosted its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. 1834 Investment Advisors Co. now owns 3,750 shares of the restaurant operator’s stock valued at $235,000 after purchasing an additional 3,675 shares in the last quarter. Strategic Blueprint LLC boosted its holdings in Chipotle Mexican Grill by 5,122.7% in the 2nd quarter. Strategic Blueprint LLC now owns 90,875 shares of the restaurant operator’s stock valued at $5,693,000 after purchasing an additional 89,135 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in Chipotle Mexican Grill by 4,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 6,000 shares of the restaurant operator’s stock valued at $371,000 after purchasing an additional 5,880 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.